Steering Group for High Carbon Stock (HCS) approach
A group of leading plantation companies with commitments to eliminate deforestation from their supply chains, NGOs and technical support organisations met on 25th and 26th August in Singapore to establish a governance and standardisation body for the methodology, known as the High Carbon Stock (HCS) Approach, to be used to implement these commitments.
The group will work together to demonstrate that immediate action can be taken to break the link between deforestation and high-risk commodities, such as palm oil and pulp and paper. The companies involved are Asia Pulp and Paper (APP), Cargill, Golden Agri-Resources (GAR), Golden Veroleum Liberia, Wilmar and the producer members of the Palm Oil Innovation Group, Agropalma and New Britain Palm Oil. All have agreed to stop any further land clearing for plantations until High Carbon Stock assessments have been completed and management plans enacted to protect High Carbon Stock areas.
The international NGOs involved include Conservation International, Forest Heroes, Forest Peoples’ Programme (FPP), Greenpeace, National Wildlife Federation, Rainforest Action Network, Rainforest Alliance, Union of Concerned Scientists and World Wide Fund for Nature (WWF), and as observers, The Nature Conservancy and World Resources Institute as well as the technical support organisations Daemeter, Proforest and The Forest Trust (TFT).
See the full joint statement here.